The Estée Lauder Companies to Issue $2.0 Billion of Senior Notes
09 Maio 2023 - 8:09PM
Business Wire
The Estée Lauder Companies Inc. (NYSE: EL) today announced the
offering and pricing of $700 million aggregate principal amount of
its 4.375% Senior Notes due 2028, $700 million aggregate principal
amount of its 4.650% Senior Notes due 2033 and $600 million
aggregate principal amount of its 5.150% Senior Notes due 2053.
The offering was made pursuant to an effective registration
statement filed by The Estée Lauder Companies Inc. with the
Securities and Exchange Commission on May 20, 2021. The closing of
the offering is expected to occur on or about May 12, 2023.
The Company intends to use the net proceeds of the offering for
general corporate purposes, which may include operating expenses,
working capital, capital expenditures and redemption and repayment
of short-term or long-term borrowings, including outstanding
commercial paper as it matures. Pending any specific application,
the Company may initially invest funds in short-term marketable
securities.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P.
Morgan Securities LLC, BNP Paribas Securities Corp. and MUFG
Securities Americas Inc. are the joint book-running managers for
the offering. Copies of the prospectus supplement and accompanying
prospectus may be obtained, when available, by contacting BofA
Securities, Inc., 201 North Tryon Street, NC1-022-02-25, Charlotte,
NC 28255-0001, Attn: Prospectus Department, by calling toll free
1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by calling toll free 1-800-831-9146 or by emailing
prospectus@citi.com or J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, Attn: Prospectus Department, 1155 Long Island
Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204.
An electronic copy of the prospectus supplement and accompanying
prospectus will also be available on the website of the Securities
and Exchange Commission at http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall there be any
sale of these notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. A
registration statement relating to the notes became effective on
May 20, 2021, and this offering is being made by means of a
prospectus supplement.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers, marketers, and sellers of quality skin care, makeup,
fragrance, and hair care products, and is a steward of outstanding
luxury and prestige brands globally. The Company’s products are
sold in approximately 150 countries and territories under brand
names including: Estée Lauder, Aramis, Clinique, Lab Series,
Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone
London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN
Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW,
KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands,
including The Ordinary and NIOD.
ELC-C ELC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20230509006283/en/
Investor Relations: Rainey Mancini
rmancini@estee.com Media Relations: Jill Marvin
jimarvin@estee.com
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